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Copytrade Forex news Blog Company news Education AI Hub 📙 Forex for beginners
📙 Forex for beginners
Copytrade Forex news Blog Company news Education AI Hub
AI Hub 10 June 2023 Which Currency Pairs Are Correlated With Other Forex Pairs? Forex trading involves buying and selling different currency pairs. It is important to understand the correlation between different currency pairs as it can help traders make informed decisions while trading. The correlation between two currency pairs indicates how closely their prices move together. A positive correlation means that when one pair moves up, the other pair also moves up, and vice versa for a negative correlation. When it comes to forex trading, understanding the correlations between different currency pairs can be beneficial in many ways. For example, if you know that two currency pairs are positively correlated, you can use this information to hedge your trades or diversify your portfolio. Similarly, if you know that two currency pairs are negatively correlated, you can use this information to increase your profits...